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Wednesday, 5 December 2012

Nigeria plans stable crude oil export from Bonga

There were indications that Nigeria would export five cargoes of Bonga crude
in January, the same number of cargoes as December, according to the
preliminary loading programme.
Three of the cargoes will be of 997,500 barrels capacity and two of
one million barrels. Also, Nigeria plans to ship four 950,000 barrel
cargoes of Usan crude exports for January, one more than December, the loading
programme showed.
This is the first shipping plan to be released for Nigeria’s oil exports in
January. The other grades, including the country’s benchmark, Qua Iboe, were
not yet available. The nations is scheduled to export six cargoes of Bonny
Light crude in January, one less than a revised plan for December. The country
will also ship two cargoes of EA Blend, one more than is scheduled to load next
month, with one of the December shipments deferred until January, a separate
programme showed.
The nation plans to export about 2.12 million barrels per day in December,
unchanged from volumes in November, which hit a six-month high. Although, the
nation experienced a temporary slide in oil productions that was due to floods,
but the situation was quickly normalized and oil production was restored to
about 2.4 million bpd.